(Finance) – Digital360a company listed on Euronext Growth Milan which aims to accompany businesses and public administrations in understanding and implementing digital transformation, closed the first half of 2023 with revenues totaling 44.3 million euros, with an increase of 80% compared to the same period in 2022, when their value was 24.5 million euros. Much of this growth is attributable to the acquisitions made during 2022 which become fully operational in the half-year: with the same consolidation boundaries, revenue growth still amounts to around 12%.
L’EBITDA is equal to 6.7 million euros, up by 34% compared to the 5 million in the corresponding period of 2022.Net income consolidated amounts to 0.8 million euros. This amount, due to the increased financial costs deriving from the greater net debt and greater amortization, is down compared to the 1.8 of the last half-year. There Net Financial Position it owes 17.2 million euros (compared to 14.4 as of 31 December 2022).
“In the first half of 2023 the acquisitions made in the second part of the previous year have a significant economic impact in some rapidly developing Advisory sectors, in particular in that of Change Management, Cybersecurity and innovative projects for PAs – states theCEO Gabriele Faggioli – These are business sectors in which the group aims to achieve important internal synergies with a consequent expansion of the amount of services provided. We are in a phase in which the strengthening of the corporate structures and staff necessary to support growth was essential for the group, due to the need to equip itself with adequate structures and professionalism”.
(Photo: Priscilla Du Preez on Unsplash)